Today's Crypto and Bitcoin News
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2024/12
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12/20/2024 17:16:56
Horizen Leads Crypto Gainers with 54.81% Surge on Dec 20
As reported by @CryptoSlate, on December 20, Horizen ($ZEN) emerged as the top gainer in the cryptocurrency market with a significant increase of 54.81%. Other notable gainers included Moca Network ($MOCA) with a 37.15% rise and Hyperliquid ($HYPE) with a 22.52% increase. On the other hand, Pudgy Pe...
12/20/2024 16:46:34
VanEck Subsidiary Market Vector Accepts Bitcoin Payments
JUST IN: Market Vector, a subsidiary of the $108 billion asset management firm VanEck, has started accepting Bitcoin as a form of payment. This marks the first time the subsidiary has embraced cryptocurrency payments, reflecting a growing trend among financial institutions to integrate digital curre...
12/20/2024 16:45:43
Bitcoin Faces Bearish Signal with Hourly Death Cross Amid Market Sell-Off
According to U.Today, Bitcoin (BTC) is experiencing a bearish short-term signal as a 'death cross' has appeared on its hourly chart. This occurs when the 50-hour moving average falls below the 200-hour moving average. The bearish signal coincides with a broader market sell-off, resulting in $1.42 bi...
12/20/2024 16:45:35
SEC Prepares for Shutdown; SHIB Whale Sells $6.05M; Ripple Mints 10M RLUSD
According to U.Today, the SEC is preparing for a potential federal government shutdown, focusing on essential functions like market integrity and investor protection. Nonessential operations will be suspended, but the EDGAR database will remain operational. Meanwhile, a significant sell-off occurred...
12/20/2024 16:15:55
435,000 Traders Face $1.42 Billion in Liquidations Over 24 Hours
According to Cointelegraph, over 435,000 traders were liquidated within a 24-hour period, resulting in total losses of $1.42 billion. This significant event highlights the volatility and risks associated with trading in the cryptocurrency market. The liquidations occurred as market conditions shifte...
12/20/2024 15:46:21
Analyst Predicts Bitcoin Could Drop 29-40% Amid Current Correction
Derived from The Daily Hodl, an analyst known as Rekt Capital, who accurately predicted Bitcoin's pre-halving correction, outlines a potential worst-case scenario for Bitcoin as it trades at $97,158. The analyst suggests that Bitcoin, currently in a parabolic uptrend, could face a significant declin...
12/20/2024 15:30:38
Bitcoin Dominance Nears 60% as Altcoins Struggle Amid Fed Policies
In accordance with CryptoSlate, Bitcoin's market dominance has surged by 6% over the past week, reaching nearly 60%. This increase comes as major altcoins like Ethereum, Solana, and XRP experience significant losses, driven by recent Federal Reserve policy adjustments. The shift marks a notable chan...
12/20/2024 14:15:45
Fed's Inflation Gauge Falls Short of Expectations, Easing Market Concerns
Based on Benzinga, the Federal Reserve's key inflation measure, the Personal Consumption Expenditures (PCE) price index, rose by 2.4% year-over-year in November 2024, slightly below economist forecasts of 2.5%. This unexpected result provided relief to markets after the Fed's recent warnings of incr...
12/20/2024 14:15:21
Stablecoins Drive Global Payment Transformation, Says VanEck CEO
In accordance with Benzinga, stablecoins are emerging as a pivotal element in transforming global payments, as discussed at the Benzinga Future of Digital Assets conference. Jan van Eck, CEO of VanEck, highlighted their role in creating a new financial system, especially in regions with inefficient ...
12/20/2024 14:00:59
Crypto Market Cap Drops 8.71% Amid FED Rate Cuts and Liquidations
In accordance with Coinpedia, the global cryptocurrency market has experienced a significant downturn, with the market cap dropping 8.71% in the last 24 hours to $3.22 trillion. This decline is attributed to ongoing turmoil caused by FED rate cuts and liquidations. Despite the market's overall decli...
12/20/2024 14:00:51
BPCE to Launch Bitcoin and Crypto Services in 2025 via Hexarq
Based on CryptoBriefing, BPCE, a major French bank, plans to introduce Bitcoin and crypto investment services in 2025 through its subsidiary Hexarq. This move follows regulatory approval from the AMF, France's financial markets authority. Hexarq recently obtained PSAN authorization, allowing it to l...
12/20/2024 14:00:28
Bitcoin ETFs See $671.9M Outflows Amid $1B Market Liquidations in 2024
According to Crypto Economy, Bitcoin ETFs experienced their largest daily outflows of 2024, with investors withdrawing $671.9 million. This sell-off coincided with Bitcoin's price dropping below $100,000, leading to over $1 billion in market liquidations. Grayscale's GBTC and ARK Invest's ARKB were ...
12/20/2024 13:01:19
K33 Research Predicts Bitcoin ATH on January 17 Based on 318-Day Cycle
Citing Cointelegraph, analysts at K33 Research have forecasted that Bitcoin's next global all-time high (ATH) could occur on January 17. This prediction is based on the observed average 318-day cycle between Bitcoin's first and last peaks. The analysis provides insights into potential future trends ...
12/20/2024 13:00:27
Audius and ICE Deal Expands Music Royalties for 330,000 Rights Holders
As per CoinTelegraph, Audius has announced a new multi-territory licensing agreement with the International Copyright Enterprise (ICE), enabling over 330,000 music rights holders to earn royalties across a broader territorial footprint. The partnership, announced on December 19, aims to leverage blo...
12/20/2024 12:30:21
XRP Drops Below $2, Losing $24 Billion in Market Cap in a Day
Derived from Finbold, XRP experienced a significant drop, falling below the $2 mark and losing $24 billion in market capitalization within a day. The cryptocurrency's price fell from $2.41 to $1.97, marking an 18% decrease. Despite the downturn, XRP remains above its 200-day simple moving average, i...
12/20/2024 11:30:29
10% Discount at Regal Theaters with USDC via Coinbase Wallet
Citing Altcoin Buzz, a new promotion allows moviegoers to enjoy a 10% discount on tickets and concessions at Regal theaters across the U.S. when paying with USDC through the Coinbase Wallet. This offer, facilitated by the Flexa payment network, is available from December 23, 2024, to January 6, 2025...
12/20/2024 11:15:35
Bitcoin's 2024 Halving Mirrors 2020, Potential Rise to $225,000 by 2025
Citing CryptoSlate, Bitcoin's price is experiencing a pullback approximately 250 days after the April 2024 halving, echoing patterns seen after the May 2020 halving. The cryptocurrency has dropped around 13% in the past 48 hours, from an all-time high of $108,600 to $94,700. Historical data shows a ...
12/20/2024 11:00:20
Copper Withdraws FCA Registration to Focus on US, Europe, Middle East
As reported by @wublockchain12, UK digital asset custodian Copper has withdrawn its application for registration with the UK's Financial Conduct Authority (FCA). Copper stated that this decision is part of a strategic shift to concentrate on markets in the United States, Europe, and the Middle East....
12/20/2024 10:45:26
Germany Orders Worldcoin to Delete Iris Scans Over Privacy Concerns
Based on AMBCrypto, Germany's Federal Data Protection Authority (BfDI) has mandated Worldcoin, a biometric-based cryptocurrency project, to erase all user iris scans. This decision highlights Germany's strict data privacy stance and raises questions about the use of biometric data in crypto. The BfD...
12/20/2024 10:16:21
Algorand's Active Addresses Surge Amid 20% Price Drop
Derived from AMBCrypto, Algorand (ALGO) experienced a significant price drop of over 20% in the past week, trading at $0.371. This decline follows a previous rally that saw ALGO reach a multi-year high of $0.613. Despite the bearish trend, active addresses surged from 104,000 to 190,000 within 24 ho...